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2022
Exports $11.9MWorld Rnk 42 / 208
Flag Rnk 750 / 1213
2022
Destination $174k China
2021 - 2022
FASTEST GROWING MARKET $174kCanada
2022
PRODUCT COMPLEXITY IN Knitted Hats-1.26Rnk 897 / 1025
2022
Imports $388MWorld Rnk 3 / 220
Flag Rnk 270 / 1214
2022
Origin $63.9M China
2021 - 2022
FASTEST GROWING ORIGIN $63.9MChina
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $11.9M in Knitted Hats, making it the 42nd largest exporter of Knitted Hats in the world. At the same year, Knitted Hats was the 750th most exported product in Japan. The main destination of Knitted Hats exports from Japan are: China ($3.87M), South Korea ($2.3M), United States ($1.34M), Hong Kong ($1.11M), and Chinese Taipei ($639k).

The fastest growing export markets for Knitted Hats of Japan between 2021 and 2022 were Canada ($174k), United States ($171k), and Hong Kong ($132k).

Imports In 2022, Japan imported $388M in Knitted Hats, becoming the 3rd largest importer of Knitted Hats in the world. At the same year, Knitted Hats was the 270th most imported product in Japan. Japan imports Knitted Hats primarily from: China ($247M), Vietnam ($49.8M), Italy ($15.9M), Mexico ($11.3M), and Indonesia ($10.5M).

The fastest growing import markets in Knitted Hats for Japan between 2021 and 2022 were China ($63.9M), Vietnam ($13.2M), and Mexico ($5.78M).

Latest Trends

June 2024

About

Overview In June 2024 Japan's Knitted Hats exports accounted up to ¥76.4M and imports accounted up to ¥5.13B, resulting in a negative trade balance of ¥5.06B. Between June 2023 and June 2024 the exports of Japan's   Knitted Hats have decreased by ¥-34.5M (-31.1%) from ¥111M to ¥76.4M, while imports decreased by ¥-178M (-3.35%) from ¥5.31B to ¥5.13B.

Destinations In June 2024, Knitted Hats were exported mostly to China (¥37.4M), Hong Kong (¥7.57M), Malaysia (¥6.86M), United States (¥6.03M), and South Korea (¥4.96M), and were imported mostly from China (¥2.86B), Vietnam (¥539M), Mexico (¥469M), Italy (¥410M), and Thailand (¥163M).

Growth In June 2024, the decrease in Knitted Hats's year-by-year exports was explained primarily by a decrease in exports to China (¥-14.8M or -50.4%), Hong Kong (¥-2.26M or -45%), and United States (¥-1.41M or -45.5%). In June 2024, the decrease in Knitted Hats's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (¥-52.9M or -53.7%) and Estonia (¥-1.65M or -83%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥-34.5M(-31.1%)
IMPORT GROWTH (June 2023 - June 2024)¥-178M(-3.35%)
MAIN EXPORTER (June 2024)Osaka¥48M
MAIN DESTINATION (June 2024)China¥37.4M

This section shows Knitted Hats's exports and imports data at subnational level for Japan. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Knitted Hats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.9M
IMPORTS (2022)$388M
NET TRADE (2022)-$376M

In 2022, Japan exported $11.9M in Knitted Hats. The main destinations of Japan exports on Knitted Hats were China ($3.87M), South Korea ($2.3M), United States ($1.34M), Hong Kong ($1.11M), and Chinese Taipei ($639k).

In 2022, Japan imported $388M in Knitted Hats, mainly from China ($247M), Vietnam ($49.8M), Italy ($15.9M), Mexico ($11.3M), and Indonesia ($10.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitted Hats EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Canada$174k (61.6%)
United States$171k (14.6%)
Hong Kong$132k (13.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitted Hats BY Japan WERE (2021 - 2022):
Philippines-$352k (-98.2%)
China-$284k (-6.85%)
Saudi Arabia-$72k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Knitted Hats were:
China $4.21B
Bangladesh $726M
Vietnam $665M
In 2022, Japan's main importing competitors in Knitted Hats were:
United States $2.59B
Germany $734M

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Trade Value of Knitted Hats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.67M
TOP IMPORT POTENTIALChina+ $19M

Knitted Hats’s highest export potential is United States. With an export gap of $1.67M.   Knitted Hats’s highest import potential is China with an import gap of $19M.

See methodology.

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